# Telsey Consumer Fund Management LP

> Telsey Consumer Fund Management LP is an SEC-registered investment advisory firm in New York, NY, registered since 2022, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 20, 2026.

- CRD: 312514
- Filed as: TELSEY CONSUMER FUND MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/312514
- AdvisorCensus page: https://advisorcensus.com/firm/telsey-consumer-fund-management-lp-new-york-ny-312514

## Quick answers

**How is Telsey Consumer Fund Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Telsey Consumer Fund Management LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**How much does Telsey Consumer Fund Management LP charge?**
Its Form ADV Part 2A brochure dated March 20, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Telsey Consumer Fund Management LP located?**
Telsey Consumer Fund Management LP's principal office is in New York, NY, according to its Form ADV.

**Is Telsey Consumer Fund Management LP registered with the SEC or a state?**
Telsey Consumer Fund Management LP is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 312514.

**How much does Telsey Consumer Fund Management LP manage?**
Telsey Consumer Fund Management LP reports $33,700,000 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary).

**How have Telsey Consumer Fund Management LP's assets and staff changed since 2022?**
In the Form ADV data for Telsey Consumer Fund Management LP: Regulatory assets under management: $27,000,000 in the October 2022 data and $33,700,000 in the October 2026 data, up 25%. Total employees: 5 in October 2022 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Telsey Consumer Fund Management LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Telsey Consumer Fund Management LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/312514

**What changed in Telsey Consumer Fund Management LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $41,500,000 to $33,700,000 (-19%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 20, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> The Company charges each client account an investment management fee based on the value of the client account’s assets under management that range from 1% to 2%.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $33,700,000
- Discretionary: $33,700,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $33,700,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2022 (4 years)
- Employees: 5 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $27,000,000 | 5 | December 16, 2021 |
| October 2023 | $26,000,000 | 5 | March 6, 2023 |
| October 2024 | $29,000,000 | 5 | March 1, 2024 |
| October 2025 | $41,500,000 | 5 | March 3, 2025 |
| October 2026 | $33,700,000 | 5 | March 20, 2026 |

Regulatory assets under management: $27,000,000 in the October 2022 data and $33,700,000 in the October 2026 data, up 25%.
Total employees: 5 in October 2022 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $41,500,000 to $33,700,000 (-19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Telsey Consumer Fund Management LP (CRD 312514): Form ADV filing data as of October 2026.